3675 39Th Ave Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94619
Key Details
Property Type Commercial
Sub Type Garden Apts
Listing Status Active
Purchase Type For Sale
Square Footage 5,340 sqft
Price per Sqft $242
MLS Listing ID 41072939
HOA Y/N No
Originating Board Bridge AOR
Year Built 1979
Lot Size 9,725 Sqft
Property Description
www.367539th.com; 6-unit apartment complex featuring six 2bd/1bth units with strong current income and excellent rental upside. Current cap rate of 7.42% and current GRM of 8.88. The property was originally built in 1979, offers approximately 5,340 square feet of rental space, and sits on an extra-large 9,725 square foot lot with 8 parking spaces and a nice backyard area. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turnkey investment for the next owner. The units have been remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, new flooring, double pane windows, new exterior and interior paint, a newer roof, and more. The property has been historically managed by the owner and offers low annual operating expenses. One unit will be delivered vacant that’s perfect for an investor seeking high market rents or a possible owner-occupant.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Exterior
Parking Type Other
Building
Lot Description Other
Water Public